Why did the corporate tax cuts fail?

Those of us living in reality can now say that the corporate tax cuts were a failure that hurt revenue and did nothing for the economy. So the question is why? I think it likely has to do with the fact so many of our corporations are near monopolies. Curious what others think.

Trump handed big business a massive tax cut, and all he got in return was embarrassment

Two years after his administration passed a massive tax cut for corporations meant to spur economic growth, the verdict is in, and the results are embarrassing. The tax cuts did not "unleash animal spirits" (as the business media is so fond of saying). And it did not usher in a period of 3% GDP growth(as Trump's administration was so fond of echoing).

The plan did not — by any stretch of the imagination — "pay for itself with growth and reduced deductions," as Treasury Secretary Steve Mnuchin said it would back in 2017. In fact, the US budget deficit has grown by 50% since Trump took office.
Why?

Because they just keep the money

Kept it where?
Stockholders, executive compensation, stock buybacks

The money did not go towards creating new jobs, expansion or pay increases

Stockholders, executive compensation, stock buybacks

So the companies didn't keep the money.
They paid shareholders and they paid executives.

The money did not go towards creating new jobs, expansion or pay increases

upload_2020-2-5_8-52-48.png


Looks like it did.
 
Asshole ignorant Libtards are too stupid to know that the corporations are the entities that drive economic prosperity that generates the wealth that funds their filthy ass welfare state.
70% of the GDP is related to consumer spending.
Consumers drive economic prosperity. There's no profit without customers. There's no demand when the bulk of consumers have no cash. Growth will be slow with low demand regardless of capital investment.
And democrats say that unemployment stimulates the US economy

That would depend on wages. No?
If a guy goes from a fulltime job to Uber driver then no. Our "jobs" are turning into delivery drivers for rich folks.
 
In 2000 wage growth was over 5%

The Internet Bubble was cool!!!
It's funny how you have no real responses and just parrot yourself constantly.

It's funny how you have no real responses

You think the wage growth in 2000 was unrelated to the Internet Bubble?
Looks like mine was an excellent, on-point response.
Not quite on point. Your bubble burst.
Bush had an average real wage growth of 4.9%
Obama's was 4.2%

Obama's was 4.2%

Link?

Prove me wrong.

If you don't have a source that shows Obama had average real wage growth of 4.2%, just say so.
 
LOL...
Trump's real wage growth is lower than the last two presidents.

Higher than Obama's.
What are the numbers? It was increasing under Obama.

I posted the chart. At least twice. Forget already?
Chart isn’t clear. I see wage growth for Obama and trump,. Looks like it just followed the trend started under Obama.

Chart isn’t clear.

View attachment 304765

Looks clear to me.

Clink on the link if you need more clarity.

Wage Growth Tracker - Federal Reserve Bank of Atlanta

I see wage growth for Obama and trump,

Yup. And it's been higher under Trump.
Seriously?
Trump's line is nearly flat since 2017.
 
Those of us living in reality can now say that the corporate tax cuts were a failure that hurt revenue and did nothing for the economy. So the question is why? I think it likely has to do with the fact so many of our corporations are near monopolies. Curious what others think.

Trump handed big business a massive tax cut, and all he got in return was embarrassment

Two years after his administration passed a massive tax cut for corporations meant to spur economic growth, the verdict is in, and the results are embarrassing. The tax cuts did not "unleash animal spirits" (as the business media is so fond of saying). And it did not usher in a period of 3% GDP growth(as Trump's administration was so fond of echoing).

The plan did not — by any stretch of the imagination — "pay for itself with growth and reduced deductions," as Treasury Secretary Steve Mnuchin said it would back in 2017. In fact, the US budget deficit has grown by 50% since Trump took office.
Why?

Because they just keep the money

Kept it where?
Stockholders, executive compensation, stock buybacks

The money did not go towards creating new jobs, expansion or pay increases

Stockholders, executive compensation, stock buybacks

So the companies didn't keep the money.
They paid shareholders and they paid executives.

The money did not go towards creating new jobs, expansion or pay increases

View attachment 304768

Looks like it did.
Actually your graph does NOT show they increased wage growth. LOL But thanks for playing.

But they did help extend the recovery
 
It's funny how you have no real responses and just parrot yourself constantly.

It's funny how you have no real responses

You think the wage growth in 2000 was unrelated to the Internet Bubble?
Looks like mine was an excellent, on-point response.
Not quite on point. Your bubble burst.
Bush had an average real wage growth of 4.9%
Obama's was 4.2%

Obama's was 4.2%

Link?

Prove me wrong.

If you don't have a source that shows Obama had average real wage growth of 4.2%, just say so.

Your own graph bears that out.
 
Those of us living in reality can now say that the corporate tax cuts were a failure that hurt revenue and did nothing for the economy. So the question is why? I think it likely has to do with the fact so many of our corporations are near monopolies. Curious what others think.

Trump handed big business a massive tax cut, and all he got in return was embarrassment

Two years after his administration passed a massive tax cut for corporations meant to spur economic growth, the verdict is in, and the results are embarrassing. The tax cuts did not "unleash animal spirits" (as the business media is so fond of saying). And it did not usher in a period of 3% GDP growth(as Trump's administration was so fond of echoing).

The plan did not — by any stretch of the imagination — "pay for itself with growth and reduced deductions," as Treasury Secretary Steve Mnuchin said it would back in 2017. In fact, the US budget deficit has grown by 50% since Trump took office.


Sounds like someone doesn't understand this fiat currency meant to make us all debt slaves. I have to laugh at the dumb fucks that want to pontificate on economic issues when they haven't the slightest fucking clue as to how it works nor the history of how this system of "debt is money and money is debt" came to be. I just add them to the long list of "stupid keyboard pundits".
 
Higher than Obama's.
What are the numbers? It was increasing under Obama.

I posted the chart. At least twice. Forget already?
Chart isn’t clear. I see wage growth for Obama and trump,. Looks like it just followed the trend started under Obama.

Chart isn’t clear.

View attachment 304765

Looks clear to me.

Clink on the link if you need more clarity.

Wage Growth Tracker - Federal Reserve Bank of Atlanta

I see wage growth for Obama and trump,

Yup. And it's been higher under Trump.
Seriously?
Trump's line is nearly flat since 2017.

Why is up over 3% annually since 2017 considered flat?
 
Those of us living in reality can now say that the corporate tax cuts were a failure that hurt revenue and did nothing for the economy. So the question is why? I think it likely has to do with the fact so many of our corporations are near monopolies. Curious what others think.

Trump handed big business a massive tax cut, and all he got in return was embarrassment

Two years after his administration passed a massive tax cut for corporations meant to spur economic growth, the verdict is in, and the results are embarrassing. The tax cuts did not "unleash animal spirits" (as the business media is so fond of saying). And it did not usher in a period of 3% GDP growth(as Trump's administration was so fond of echoing).

The plan did not — by any stretch of the imagination — "pay for itself with growth and reduced deductions," as Treasury Secretary Steve Mnuchin said it would back in 2017. In fact, the US budget deficit has grown by 50% since Trump took office.
Why?

Because they just keep the money

Kept it where?
Stockholders, executive compensation, stock buybacks

The money did not go towards creating new jobs, expansion or pay increases

Stockholders, executive compensation, stock buybacks

So the companies didn't keep the money.
They paid shareholders and they paid executives.

The money did not go towards creating new jobs, expansion or pay increases

View attachment 304768

Looks like it did.
Actually your graph does NOT show they increased wage growth. LOL But thanks for playing.

But they did help extend the recovery

Actually your graph does NOT show they increased wage growth.

2.9% to 3.9% isn't increased?
 
It's funny how you have no real responses

You think the wage growth in 2000 was unrelated to the Internet Bubble?
Looks like mine was an excellent, on-point response.
Not quite on point. Your bubble burst.
Bush had an average real wage growth of 4.9%
Obama's was 4.2%

Obama's was 4.2%

Link?

Prove me wrong.

If you don't have a source that shows Obama had average real wage growth of 4.2%, just say so.

Your own graph bears that out.

Where on my graph does it show that Obama had average real wage growth of 4.2%?

You can admit you have no source. I'll understand.
 
Asshole ignorant Libtards are too stupid to know that the corporations are the entities that drive economic prosperity that generates the wealth that funds their filthy ass welfare state.
70% of the GDP is related to consumer spending.
Consumers drive economic prosperity. There's no profit without customers. There's no demand when the bulk of consumers have no cash. Growth will be slow with low demand regardless of capital investment.
And democrats say that unemployment stimulates the US economy

That would depend on wages. No?
If a guy goes from a fulltime job to Uber driver then no. Our "jobs" are turning into delivery drivers for rich folks.
Only if you're unmotivated and stupid.
 
What are the numbers? It was increasing under Obama.

I posted the chart. At least twice. Forget already?
Chart isn’t clear. I see wage growth for Obama and trump,. Looks like it just followed the trend started under Obama.

Chart isn’t clear.

View attachment 304765

Looks clear to me.

Clink on the link if you need more clarity.

Wage Growth Tracker - Federal Reserve Bank of Atlanta

I see wage growth for Obama and trump,

Yup. And it's been higher under Trump.
It appears to have grown more with Obama . And clearly the trend started with Obama. No tax cut bump visible. You make this very easy, but your spin is a waste of time.

It appears to have grown more with Obama .

In which years under Obama did it grow more than under Trump?

You make this very easy, but your spin is a waste of time.

Pointing out your inability to read a graph is hardly spin. Or a waste of time.

No tax cut bump visible.

LOL!
The tax cut was passed in December 2017.
Wage growth went from 2.9% in December 2017 to 3.9% in December 2018.
It hasn’t hit 3.9 In a very long time. You have some imagination.
 
Those of us living in reality can now say that the corporate tax cuts were a failure that hurt revenue and did nothing for the economy. So the question is why? I think it likely has to do with the fact so many of our corporations are near monopolies. Curious what others think.

Trump handed big business a massive tax cut, and all he got in return was embarrassment

Two years after his administration passed a massive tax cut for corporations meant to spur economic growth, the verdict is in, and the results are embarrassing. The tax cuts did not "unleash animal spirits" (as the business media is so fond of saying). And it did not usher in a period of 3% GDP growth(as Trump's administration was so fond of echoing).

The plan did not — by any stretch of the imagination — "pay for itself with growth and reduced deductions," as Treasury Secretary Steve Mnuchin said it would back in 2017. In fact, the US budget deficit has grown by 50% since Trump took office.

How did the tax cuts “fail”?
You realize your fellow citizen Americans own these evil corporations you hate...right?
Your fellow Americans ended with more and your corrupt government ended up with less...how is that a bad thing?
Why would you want your government to take more from your neighbor?

Some Americans own stock. About 50% of Americans have no investment in the market so right off the bat, half the country is excluded from this benefit. Of the people that do one stock, 84% of it is owned by the top 10% of Americans.

So this benefit was highly skewed.

You weird Leftists harbor a very weird obsession with other people’s shit, holdings and achievements. You always seem to forget that opportunity is created by those who aggressively pursue it.
Wealth, like achievements is accumulated from intelligence, hard work, accountability, determination and ambition....all traits the Left hates.
Remember, we are not EQUALS...you can not and will not ever be my EQUAL....you have been grossly misled by your fellow beggars.
 
I posted the chart. At least twice. Forget already?
Chart isn’t clear. I see wage growth for Obama and trump,. Looks like it just followed the trend started under Obama.

Chart isn’t clear.

View attachment 304765

Looks clear to me.

Clink on the link if you need more clarity.

Wage Growth Tracker - Federal Reserve Bank of Atlanta

I see wage growth for Obama and trump,

Yup. And it's been higher under Trump.
It appears to have grown more with Obama . And clearly the trend started with Obama. No tax cut bump visible. You make this very easy, but your spin is a waste of time.

It appears to have grown more with Obama .

In which years under Obama did it grow more than under Trump?

You make this very easy, but your spin is a waste of time.

Pointing out your inability to read a graph is hardly spin. Or a waste of time.

No tax cut bump visible.

LOL!
The tax cut was passed in December 2017.
Wage growth went from 2.9% in December 2017 to 3.9% in November 2018.
It hasn’t hit 3.9 In a very long time. You have some imagination.

It hasn’t hit 3.9 In a very long time.

November 2018 and again in July 2019.
Click on the link, move your cursor over the graph.
 
Chart isn’t clear. I see wage growth for Obama and trump,. Looks like it just followed the trend started under Obama.

Chart isn’t clear.

View attachment 304765

Looks clear to me.

Clink on the link if you need more clarity.

Wage Growth Tracker - Federal Reserve Bank of Atlanta

I see wage growth for Obama and trump,

Yup. And it's been higher under Trump.
It appears to have grown more with Obama . And clearly the trend started with Obama. No tax cut bump visible. You make this very easy, but your spin is a waste of time.

It appears to have grown more with Obama .

In which years under Obama did it grow more than under Trump?

You make this very easy, but your spin is a waste of time.

Pointing out your inability to read a graph is hardly spin. Or a waste of time.

No tax cut bump visible.

LOL!
The tax cut was passed in December 2017.
Wage growth went from 2.9% in December 2017 to 3.9% in November 2018.
It hasn’t hit 3.9 In a very long time. You have some imagination.

It hasn’t hit 3.9 In a very long time.

November 2018 and again in July 2019.
Click on the link, move your cursor over the graph.
The increasing trend started in 2010 long before the cuts.
 
Those of us living in reality can now say that the corporate tax cuts were a failure that hurt revenue and did nothing for the economy. So the question is why? I think it likely has to do with the fact so many of our corporations are near monopolies. Curious what others think.

Trump handed big business a massive tax cut, and all he got in return was embarrassment

Two years after his administration passed a massive tax cut for corporations meant to spur economic growth, the verdict is in, and the results are embarrassing. The tax cuts did not "unleash animal spirits" (as the business media is so fond of saying). And it did not usher in a period of 3% GDP growth(as Trump's administration was so fond of echoing).

The plan did not — by any stretch of the imagination — "pay for itself with growth and reduced deductions," as Treasury Secretary Steve Mnuchin said it would back in 2017. In fact, the US budget deficit has grown by 50% since Trump took office.

How did the tax cuts “fail”?
You realize your fellow citizen Americans own these evil corporations you hate...right?
Your fellow Americans ended with more and your corrupt government ended up with less...how is that a bad thing?
Why would you want your government to take more from your neighbor?

Some Americans own stock. About 50% of Americans have no investment in the market so right off the bat, half the country is excluded from this benefit. Of the people that do one stock, 84% of it is owned by the top 10% of Americans.

So this benefit was highly skewed.

You weird Leftists harbor a very weird obsession with other people’s shit, holdings and achievements. You always seem to forget that opportunity is created by those who aggressively pursue it.
Wealth, like achievements is accumulated from intelligence, hard work, accountability, determination and ambition....all traits the Left hates.
Remember, we are not EQUALS...you can not and will not ever be my EQUAL....you have been grossly misled by your fellow beggars.

Im not saying we are all equals. I’m saying that the actions taken by the Trump administration are disproportionality beneficial to the wealthiest. Remember, he is adding a trillion dollars of PUBLIC debt to achieve these benefits. It’s not irrational to look at the outcome of such policies.

One other problem. I don’t believe people who don’t achieve wealth are unintelligent, that they’re not hard working or not ambitious. I feel that the people who do work hard, follow the rules and don’t necessarily achieve wealth for all sorts of reasons shouldn’t be excluded from living a good life.
 
Chart isn’t clear.

View attachment 304765

Looks clear to me.

Clink on the link if you need more clarity.

Wage Growth Tracker - Federal Reserve Bank of Atlanta

I see wage growth for Obama and trump,

Yup. And it's been higher under Trump.
It appears to have grown more with Obama . And clearly the trend started with Obama. No tax cut bump visible. You make this very easy, but your spin is a waste of time.

It appears to have grown more with Obama .

In which years under Obama did it grow more than under Trump?

You make this very easy, but your spin is a waste of time.

Pointing out your inability to read a graph is hardly spin. Or a waste of time.

No tax cut bump visible.

LOL!
The tax cut was passed in December 2017.
Wage growth went from 2.9% in December 2017 to 3.9% in November 2018.
It hasn’t hit 3.9 In a very long time. You have some imagination.

It hasn’t hit 3.9 In a very long time.

November 2018 and again in July 2019.
Click on the link, move your cursor over the graph.
The increasing trend started in 2010 long before the cuts.

I know, 3.9% after the cuts.
 
It appears to have grown more with Obama . And clearly the trend started with Obama. No tax cut bump visible. You make this very easy, but your spin is a waste of time.

It appears to have grown more with Obama .

In which years under Obama did it grow more than under Trump?

You make this very easy, but your spin is a waste of time.

Pointing out your inability to read a graph is hardly spin. Or a waste of time.

No tax cut bump visible.

LOL!
The tax cut was passed in December 2017.
Wage growth went from 2.9% in December 2017 to 3.9% in November 2018.
It hasn’t hit 3.9 In a very long time. You have some imagination.

It hasn’t hit 3.9 In a very long time.

November 2018 and again in July 2019.
Click on the link, move your cursor over the graph.
The increasing trend started in 2010 long before the cuts.

I know, 3.9% after the cuts.
Yes wages have been following the same trend since 2010. Did trump make a promise about wages?
 
Wage growth is simply poor.


But wages are nothing to boast about. As the first chart shows, wage growth has ticked up only slightly under Trumponomics. The average American worker sees a 0.2% fatter paycheck (not factored in for inflation) compared to the day Trump was sworn into office in January, 2017.

Wages, economic growth and manufacturing—3 metrics Trump should avoid in tonight’s State of the Union Address – Fortune

You Loons are downright fascinating....
”Give us every wetback from Mexico that’s looking for a better life and DAMNIT Father Government give us higher wages as well.”
Do you ignorant fools realize how ignorant that sounds?
 

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